The Planet stock is down -70% since IPO (from 10$ in 2022 IPO to 3$ today).
NYSE: PL
NYSE: PL
That being said, while I do believe that Planet has one of the best business models in the industry, I do sometimes worry that they are a bit early, and their customers aren't ready for them yet.
As someone who has to work with their data (among others), Planet has some of the best APIs in the industry (it's a low bar though).
I'm mostly just playing devils advocate here, and the point I'm trying to make is share price alone isn't everything. Planet is growing its revenue YoY, and they might even be profitable soon (lol).
Also, my original point was that the company I work for buys a lot of data from Planet, which is something that's just increasing as we grow.